Ferrexpo Given “Buy” Rating at Deutsche Bank (FXPO)

Ferrexpo (LON: FXPO)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $5.59 (370 GBX) target price on the stock.

Shares of Ferrexpo (LON: FXPO) traded down 4.02% during mid-day trading on Wednesday, hitting GBX 174.30. Ferrexpo has a 52 week low of GBX 138.70 and a 52 week high of GBX 336.10. The stock’s 50-day moving average is currently GBX 193.3. The company’s market cap is £1.019 billion.

A number of other analysts have also recently weighed in on FXPO. Analysts at Seymour Pierce reiterated a “buy” rating on shares of Ferrexpo in a research note to investors on Wednesday, March 13th. They now have a $5.63 price target on the stock.

Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Ferrexpo presently has an average rating of “Hold” and an average target price of $4.33 (287 GBX).

Ferrexpo plc is principally engaged in the production of iron ore pellets, which are used in the manufacture of steel.

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